| Global retail industry news |  |
- YGM Trading to pay $24 million for Aquascutum
Hong Kong-based YGM Trading has agreed to acquire Aquascutum's existing stock, trademarks, intellectual property rights and some of its UK stores and concessions for $24 million, the companies said Thursday. The 161-year-old luxury fashion brand once known for its iconic raincoats has struggled in recent years and was placed into administration last month. Reuters (10 May.), Bloomberg Businessweek/The Associated Press (11 May.)      - Global retailers look to Africa for growth
Yum! Brands' KFC restaurants are already finding success among Africa's growing middle class, and other global retailers including Wal-Mart are looking to the continent for future growth as other international markets mature. "With the commodity boom that Africa has seen over the last decade or so, that is building a middle class and there is a wave of private consumption," said analyst Matthew Searle. Bloomberg Businessweek (08 May.)  - Sainsbury's CEO: Confidence comes from consistent policies
Inconsistent government policies in the UK have failed to inspire confidence in consumers and businesses, and consistency is needed to get shoppers spending and businesses investing, Sainsbury's CEO Justin King said this week. "The most important thing for any retailer has got to be that consumers at large have money in their pockets." The Telegraph (London) (11 May.) - Former Sainsbury's CFO to lead Carpetright
Lord Harris, the founder and CEO of UK-based Carpetright, will step down from the post and hand the reins to former Sainsbury's finance chief Darren Shapland. Shapland, an executive at Carpetright until he left to join the supermarket chain in 2005, will lead a turnaround effort at the company, which has issued seven profit warnings in the past year. The Telegraph (London) (11 May.)  | Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here. |
  | What Data Thieves Don’t Want You to Know:
How a multi-layered data security solution, including encryption and tokenization, protects data in transit, in use and at rest. When combined, these two technologies provide a powerful method for securing sensitive data wherever it exists. Get proof here. |
 | Retail in Latin America |  |  | | - Amazon executive shares growth strategy in China
Amazon is willing to operate at a loss to build its reputation and sales in China's increasingly competitive e-commerce arena, where the company aims to claim one of the top three spots for the largest online retailers, China chief Wang Hanhua said. "We tend to take a very long-term view of things," Wang said. "We believe that China's e-commerce eventually will be huge." Reuters (10 May.)  | Hot off the Presses! Q2 2012 ERP Comparison Guide
Get off to a successful start in the new quarter by shortening the time needed to purchase ERP software. Begin accurately controlling costs, inventory, and revenue forecasts. Learn how in this free download from Ziff Davis. |
 | Spotlight on Fashion | | | | - Samsung turns its hand to fast fashion
Korean electronics giant Samsung got its start in the textile industry, and its Cheil Industries division is harking back to those roots with the launch of fast-fashion concept 8Seconds. The company has opened the first five stores in the brand and plans to grow to 300 outlets throughout Asia by 2015. Women's Wear Daily (subscription required) (11 May.) - Burberry wins with China strategy
Since regaining control of its franchising arrangements in China last year, luxury fashion brand Burberry has been aggressively expanding in both established and emerging cities. The UK-based brand has tailored its store approach to China's younger, tech-savvy consumers, with interactive touch screens and iPads that let sales associates offer more than what's in the store. Advertising Age (tiered subscription model) (10 May.) - How one company resurrected a failing fashion brand
The Woodland brand of outdoor shoes and casual apparel could have disappeared into bankruptcy along with its Canadian-based owner in the 1980s. Instead, Aero Group bought the brand and relocated it to India, and today it's the company's flagship, with 350 of its own stores and supply deals with about 3,000 multi-brand retailers. The Globe and Mail (Toronto) (09 May.) | NRF News | | | | - What US military leadership skills can bring to the retail supply chain
In times of crisis, it's training, leadership and personal accountability that help bring about speedy resolution. As NRF's Global Supply Chain Summit came to a close on Tuesday, Ret. Commander Kirk Leopold of the US Navy shared his experience as commanding officer of the USS Cole including how military leadership skills helped bring an end to a terrorist attack on his ship as well as how these types of experiences enable veterans to excel in the very complex supply chain field. Read more. Retail's BIG Blog (10 May.)
| SmartQuote | | | |  | When I was a young man, I observed that nine out of 10 things I did were failures. I didn't want to be a failure, so I did 10 times more work."
--George Bernard Shaw,
Irish playwright  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.